The Conference Board, a non-profit publisher of business economic forecasts and analysis, says the U.S. economy may lose another two million jobs this year after shedding more than 2.5 million jobs in 2008. Gad Levanon, senior economist at the Conference Board, said the group's most recent employment trends index "signals that no turnaround in the labor market is to be expected in the near future." The Conference Board employment index has been declining for 17 months.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
